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View Full Version : Vikes sale rumour stirs again



AngloVike
01-04-2005, 08:52 AM
Now it might just be stories due to the disgruntled fans gathering after this seasons change of fortune for the team. However McCombs might realise that now is a good time to move on before fans vote with their feet whilst he's still the owner. We shall see

http://www.twincities.com/mld/twincities/sports/football/10558752.htm

snowinapril
01-04-2005, 08:54 AM
Is Vikings sale to Taylor near?

CHARLEY WALTERS

Rumors were hot Monday at the Vikings' Eden Prairie offices that Timberwolves owner Glen Taylor is closing in on a purchase of the Vikings from Red McCombs.

Taylor wouldn't comment Monday, but it has been reported in this column for several months that he remains seriously interested in buying the NFL team for what he considers a fair market price. Taylor's interest hasn't diminished, and if McCombs is serious about selling the Vikings, a deal could be reached as early as this month.

The time is ripe for a sale. The Vikings are in a downslide and Sunday's loss in Washington is expected to result in hundreds , if not thousands of season ticket cancellations. McCombs hasn't experienced a local TV blackout since he bought the Vikings for $245 million six years ago, but diminished attendance could cause that next season.

Taylor, a billionaire from Mankato, Minn., quietly has positioned himself during the past year to buy the Vikings. Don't think he hasn't met with top NFL officials, as well as various team owners who would eagerly approve a sale.

McCombs, a billionaire from San Antonio, Texas, has positioned himself over the past year to sell the Vikings, limiting his investment in the team and running it at minimal expense, from the coaching staff on down. Don't think the NFL wouldn't love to have Taylor as a partner and McCombs as an ex-partner.

Chances of the state Legislature providing an out-of-town owner like McCombs with financial help for a new stadium are virtually zero. With Taylor, a former Minnesota legislative leader, as owner, chances for a new stadium would improve significantly.

With the state legislative session beginning, the timing for a sale to Taylor couldn't be better.

Look for the process to heat up in the next couple of weeks.

A year ago, during a trip to New York with his Timberwolves, Taylor met with NFL commissioner Paul Tagliabue about joining the league. Taylor won't comment, but it's a good bet he met again with the NFL during his visit to New York last week, when the Wolves were in town to play the Knicks.

Insiders say Taylor would have no problem assembling an investment group to buy the Vikings. The only problem is getting McCombs to sell. A sale price of $550 million, more than double McCombs' initial investment, should get the deal done.

Blaine remains the front-runner as a site for a new stadium.

• As expected, stadium lobbyist Lester Bagley has agreed to a new deal with the Vikings, meaning the team will have a presence at this year's legislative session.


DON'T PRINT THAT

• The Twins are expected to offer Cy Young Award winner Johan Santana a $20 million, three-year contract this month that would commit him through 2007, his first year of free agency. But it's expected to take $25 million to sign the 25-year-old left-hander, who might be able to win $6 million in salary arbitration in February. Last year, Santana, seeking $2.5 million in arbitration, lost his case and had to settle for $1.6 million.

• Pssst.: A local entrepreneur wants to lure the Vikings to Eagan as part of a multi billion-dollar entertainment/stadium complex linked to a state gaming proposal.

• Look for the University of Minnesota to expedite its investigation of alleged NCAA violations in the Gophers men's tennis program, and to self-report to the NCAA.

OVERHEARD

• Coach Mike Tice, who expected his Vikings to win decidedly against Washington on Sunday: "I thought it was going to be a blowout. I must be nuts."
Charley Walters' column appears Tuesdays, Wednesdays, Thursdays, Fridays and Sundays. He can be reached at cwalters@pioneerpress.com.

ultravikingfan
01-04-2005, 09:01 AM
Lets get this down! See 'ya Red!

snowinapril
01-04-2005, 09:06 AM
The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525

2fat4uVike
01-04-2005, 09:10 AM
Oh how I hope this comes to fruition, it just irritates the crap outa me knowing how much cap money Red left in his pockets this season. He single handidly derailed the 3 year plan hanging on to that money. We need a few more key players, especially when considering the key players we've had out for the season. Bring it on Glen Taylor, we need you, the Vikings need you.
Please Please Please, all be a good boy all year... :santa:

AngloVike
01-04-2005, 09:12 AM
"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525
Well Red has been posturing for $550 - $600 million since he put it up for sale, last year Forbes started to get the valuation in the $500m plus. Its always been said that he overpriced the team but eventually the price has caught up.
Course given that the team is not highly regarded on a playing side may force his hand and make him sell quick - before he loses the ' games sold-out ' streak

snowinapril
01-04-2005, 09:16 AM
"AngloVike" wrote:

"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525
Well Red has been posturing for $550 - $600 million since he put it up for sale, last year Forbes started to get the valuation in the $500m plus. Its always been said that he overpriced the team but eventually the price has caught up.
Course given that the team is not highly regarded on a playing side may force his hand and make him sell quick - before he loses the ' games sold-out ' streak

Anglo,
How much would a top notch English (Football) Soccer Team go for in the premier league? Man U for instance?

ultravikingfan
01-04-2005, 09:18 AM
"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525

Snow, yes Red is asking too much. The Browns were bought for $550 million with a new stadium. As far a basketball, the arena was much cheaper to build, but the CAVS have a newer arena. I think there are most costs associated with football anyhow. Who cares? If I had $550 million I would buy it!

kramer9guy
01-04-2005, 10:49 AM
This article confirms something I've been wondering since our latest mid-season slide. Hasn't Red been lowering the value of the team through his actions over the last few seasons (by giving the perception that he doesn't care about the success of the franchise)?

Some fans are getting a sour taste in their mouths (which could lead to possible falling season ticket sales) and possible buyers do not want to pony up the cash Red is asking for the team.

He refuses to put money forth for a new stadium.
He has threatened to move the team.
He has just extended the contract of the lowest paid head coach in the NFL who has a record of underachieving teams (which is partly due to his thrifty ownership).

Maybe this latest devaluation of the team due to our poor showing late this season will actually pay of for everyone. If Glen Taylor can get the team for what it is truly worth right now, it may be for the best. I'm willing to sacrifice whatever it may take for new ownership as soon as possible.

But I still hope we beat the pack next Sunday...

whackthepack
01-04-2005, 11:27 AM
Unless the Vikes go deep into the playoffs season tickets for next season are expected to drop by 10%. Some agencies are reporting that the team could face blackouts next year as fan apathy is growing.

One of the main reasons for fans disillusionment with the team was Red McCombs as the owner. They stated that he is not trying to improve the team, just make as much money off the team as he can.

Another reason stated was that the team was underachiving!


Red must see the writing on the wall, if he hangs onto the team and attendance drops and he they have blackouts the value of the team will drop. And since he can not move them the only choice would be to sell the team now!
Let us pray that this comes true!

SKOL
01-04-2005, 11:33 AM
PA and Dubay (KFAN Radio) said this morning that the owners are starting to get wind of the big money involved in the new television contract. That may have spurned Taylor to Pony up (a little closer) to Red's asking price.

AngloVike
01-04-2005, 11:33 AM
"snowinapril" wrote:

"AngloVike" wrote:

"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525
Well Red has been posturing for $550 - $600 million since he put it up for sale, last year Forbes started to get the valuation in the $500m plus. Its always been said that he overpriced the team but eventually the price has caught up.
Course given that the team is not highly regarded on a playing side may force his hand and make him sell quick - before he loses the ' games sold-out ' streak

Anglo,
How much would a top notch English (Football) Soccer Team go for in the premier league? Man U for instance?

Well when Man Utd was under a possible takeover then the team was valued at around £600 million - approx $1130 million at the current £/$ exchange rate.
The only difference is generally clubs - epecially at the higher levels - have multiple directors on the board. So one individual only needs to have a controlling interest of at least 51% to effectively 'own' the club.
With most clubs it would be very rare for one person to own them outright, mainly because the majority do not make very much money, unless they win all competions both domestic and european. Soccer is not such a profitable business as NFL football

briboy75
01-04-2005, 12:14 PM
Desipte the loss to Washington, and the disappointing season, I can not imagine the dome not selling out for years to come. There is so much demand to see the game. I've often paid well over the ticket price to see them.

Of course, this doesn't mean I don't want Red to sell.

Vikestand
01-04-2005, 01:08 PM
I want Red to go away to a far far place and never hear from him ever again....

NeoVikesTX
01-04-2005, 02:37 PM
Please sell Red, please sell! Glen Taylor would do such great things with our Vikings. If he can turn around the Timberwolves, just think of what he can do for us.

I really do believe that Red's time here is over, he does not want to spend money on this team anymore. Glen Taylor will have no problem shelling out some money to get our Vikings at championship caliber once again.

Don't let the door hit your :bootyshake: on the way out Red!

ADubya26
01-04-2005, 04:01 PM
Please let it be! It would make my year

Erock
01-04-2005, 05:34 PM
This would be the best thing to happen to our team since going 15-1 in '98.
Please be true. I would sacrafice a third loss to Green Bay for a Glen Taylor Purchase!!! :thumbleft: :thumbleft:

bleedpurple
01-04-2005, 05:45 PM
"ultravikingfan" wrote:

"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525

Snow, yes Red is asking too much. The Browns were bought for $550 million with a new stadium. As far a basketball, the arena was much cheaper to build, but the CAVS have a newer arena. I think there are most costs associated with football anyhow. Who cares? If I had $550 million I would buy it!

Additionally, basketball teams are not as lucrative as football teams...plus they don't have the TV contracts or the marketability the NFL has...

Caine
01-04-2005, 05:55 PM
I agree with everyone here who wants McCombs *Asslicker* to sell.

McCombs *Asslicker* has single-handedly ruined the past 5 years of Viking football by underspending and refusing to ante up for a stadium.

McCombs *Asslicker* has expressed repeated interest in moving the Vikes to LA, where I presume that the city would by McCombs *Asslicker* the stadium he wants.

I sincerely hope they get the deal sone ASAP. No one would be happier than me to see McCombs *Asslicker* leave town.

Caine

VikingsTw
01-04-2005, 07:20 PM
Oh this would be great, Mcombs is a wierd f*&@. I dont know much about this glen guy but i know he goes afte players and such.

Do you guys believe this is the closest the team has come to selling thus far?

transplantedvikingfan
01-04-2005, 08:13 PM
"Erock" wrote:

This would be the best thing to happen to our team since going 15-1 in '98.
Please be true. I would sacrafice a third loss to Green Bay for a Glen Taylor Purchase!!! :thumbleft: :thumbleft:

I was thinking the very same thing....

XTAP59
01-04-2005, 09:36 PM
"ultravikingfan" wrote:

"snowinapril" wrote:

The Cavs in the NBA sold yesterday for $375 Million for what it is worth.

I don't know how you compare a football team to a basketball team but it seems like even $550 Million would be too much.

Maybe $500-525

Snow, yes Red is asking too much. The Browns were bought for $550 million with a new stadium. As far a basketball, the arena was much cheaper to build, but the CAVS have a newer arena. I think there are most costs associated with football anyhow. Who cares? If I had $550 million I would buy it!

I believe Dan Snyder, Redskins owner bought them for 700 million. With the stadium, they are valued over 1 billion.
500 million is not a bad asking price.
Hope Red sells the team in a hurry.....

snowinapril
01-04-2005, 10:38 PM
"briboy75" wrote:

Desipte the loss to Washington, and the disappointing season, I can not imagine the dome not selling out for years to come. There is so much demand to see the game. I've often paid well over the ticket price to see them.

Of course, this doesn't mean I don't want Red to sell.

There are a lot of Viking fans in Minnesota, but losing is losing, hunting is hunting and fishing is fishing and snowmobiling is snowmobiling. Which one of these would you like to do????

Point is that when a team is losing, the fans disappear like mad. Even the season ticket holders. It is not a lot of fun getting let down so people would rather do other stuff on the weekend like hunting, fishing and other outdoor activities.

I personally am not like that, but I know quite a few fans like that.

vikefan4ever
01-04-2005, 10:53 PM
Well if what he has done with the timberwolves is what he would do with the vikings, this guy is our prayer. I mean how they acquired sprewell, cassell, griffin, hassell. That would be great if he bought the vikes

VikesFan111
01-05-2005, 12:22 AM
This news just made my day!

cheesefree
01-05-2005, 01:57 AM
"Caine" wrote:

I agree with everyone here who wants McCombs *Asslicker* to sell.

McCombs *Asslicker* has single-handedly ruined the past 5 years of Viking football by underspending and refusing to ante up for a stadium.

McCombs *Asslicker* has expressed repeated interest in moving the Vikes to LA, where I presume that the city would by McCombs *Asslicker* the stadium he wants.

I sincerely hope they get the deal sone ASAP. No one would be happier than me to see McCombs *Asslicker* leave town.

Caine

Pepp, Moss and Burleson and Campbells prime years are here. Jimmy K will be back full speed next year and we got Wiggins too. Got Bennett, SOD, Mewelde, Moe and Ned.
This team would be lethal with any D at all, doesn't have to be a number one D, just a top 10 or even top 15...one that can create three and outs occasionally and stop opponents drives. I think they have the foundation for a good defense, they just need a few key players and veteran leadership. McCombs sure won't pay for the talent needed to build the D for a Super Bowl caliber team, but Taylor will.

vking
01-05-2005, 01:28 PM
This all sounds fantastic but remeber this is a business and you don't plop down that money for shits and giggles.

And what if taylor likes Tice? hey just joking.

What I'm getting at is you can't buy a championship all to often. Take Danial Snyder and the skins. You can spend the money but you have to spend it right. Look at what the T-Wolves have spent and it hasn't worked out to well just yet.

But all in all I'm in favor of this possible change. Anything would be better than this fiasco we've watched for the last 2 years. At least the guy seems like he wants to win.

Caine
01-05-2005, 02:01 PM
Tice, given the freedom to acquire the players he needs, could probably be a damn good head coach.

Look what he's done being 30 million under the cap.

Add a new owner into the mix - one who is willing to acquire talent - and suddenly we're a contender.

After all, 30 million dollars buys a HELL of a lot of Defense.

Caine

bleedpurple
01-05-2005, 02:40 PM
"Caine" wrote:

Tice, given the freedom to acquire the players he needs, could probably be a damn good head coach.

Look what he's done being 30 million under the cap.

Add a new owner into the mix - one who is willing to acquire talent - and suddenly we're a contender.

After all, 30 million dollars buys a HELL of a lot of Defense.

Caine

I'm not so sure....our defense and offense still have major issues and the play-calling has been bad all year....

and Cotrell made a bad defense worse...

not to mention our red zone woes....

trivia Question

hey when's the last time we had a long touchdown scoring drive in the second half?......

I can't remember.....

You can't count those quick strikes we've had...(i.e. 30+ yard scores)

answer: ????

VikingsTw
01-05-2005, 03:21 PM
"vking" wrote:

This all sounds fantastic but remeber this is a business and you don't plop down that money for shits and giggles.

And what if taylor likes Tice? hey just joking.

What I'm getting at is you can't buy a championship all to often. Take Danial Snyder and the skins. You can spend the money but you have to spend it right. Look at what the T-Wolves have spent and it hasn't worked out to well just yet.

But all in all I'm in favor of this possible change. Anything would be better than this fiasco we've watched for the last 2 years. At least the guy seems like he wants to win.

Dan Snider is the f'n MAN. If he could be our owner i would welcome him with open arms. They got gibs now. The other day Gibbs said he was so happy to have snider as the owner. As soon as the season was over for them he called gibs and said whatever you need dude, whatever you need. Gibb's knows how to build a team, that college coach did not. Theres nothing wrong with a owner who likes to get plays. Look what shawn springs and that DT did for team this year, wonders.

vking
01-08-2005, 12:24 AM
"vikingstw" wrote:

"vking" wrote:

This all sounds fantastic but remeber this is a business and you don't plop down that money for shits and giggles.

And what if taylor likes Tice? hey just joking.

What I'm getting at is you can't buy a championship all to often. Take Danial Snyder and the skins. You can spend the money but you have to spend it right. Look at what the T-Wolves have spent and it hasn't worked out to well just yet.

But all in all I'm in favor of this possible change. Anything would be better than this fiasco we've watched for the last 2 years. At least the guy seems like he wants to win.
Y

Dan Snider is the f'n MAN. If he could be our owner i would welcome him with open arms. They got gibs now. The other day Gibbs said he was so happy to have snider as the owner. As soon as the season was over for them he called gibs and said whatever you need dude, whatever you need. Gibb's knows how to build a team, that college coach did not. Theres nothing wrong with a owner who likes to get plays. Look what shawn springs and that DT did for team this year, wonders.

Ya thats all good but Snider doesn't have a championship yet does he?. What I'm saying is even though we need a new owner that doesn't mean we'll win when we get one. It takes alot of elements to be a champion. So don't hold your breath waiting for that. A winning club is nice but thats not why I'm a Vikes fan. Only a SB victory will do and thats probably no closer than 3-4 years out at best if we get a new owner and thats no guarantee of course. But on the bright side at least we would probably be more respected. And remeber there's alot of other teams hoping for the exact same thing, a SB.

Caine
01-08-2005, 01:35 AM
"vking" wrote:

"vikingstw" wrote:

"vking" wrote:

This all sounds fantastic but remeber this is a business and you don't plop down that money for shits and giggles.

And what if taylor likes Tice? hey just joking.

What I'm getting at is you can't buy a championship all to often. Take Danial Snyder and the skins. You can spend the money but you have to spend it right. Look at what the T-Wolves have spent and it hasn't worked out to well just yet.

But all in all I'm in favor of this possible change. Anything would be better than this fiasco we've watched for the last 2 years. At least the guy seems like he wants to win.
Y

Dan Snider is the f'n MAN. If he could be our owner i would welcome him with open arms. They got gibs now. The other day Gibbs said he was so happy to have snider as the owner. As soon as the season was over for them he called gibs and said whatever you need dude, whatever you need. Gibb's knows how to build a team, that college coach did not. Theres nothing wrong with a owner who likes to get plays. Look what shawn springs and that DT did for team this year, wonders.

Ya thats all good but Snider doesn't have a championship yet does he?. What I'm saying is even though we need a new owner that doesn't mean we'll win when we get one. It takes alot of elements to be a champion. So don't hold your breath waiting for that. A winning club is nice but thats not why I'm a Vikes fan. Only a SB victory will do and thats probably no closer than 3-4 years out at best if we get a new owner and thats no guarantee of course. But on the bright side at least we would probably be more respected. And remeber there's alot of other teams hoping for the exact same thing, a SB.

With great Free Agency and a solid draft, we COULD do it in 1 year.

Maintaining the course we're on now (Acquisitions), we are likely 2-3 years out.

That's my take on it.

Caine